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01/06/22

15:45

Post #: 61757881
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Originally posted by Rick65: ↑

From the Australian just now
BYD Co report hits lithium sector
DAVID ROGERS
A report that China's BVD Co has reached agreements to buy six lithium mines in Africa that can produce over 25 MTPA of lithium ore is the "real reason" why Australian lithium miners have been "obliterated" Wednesday says Shaw & Partners' James Nicolaou.A report in Chinese publication "The Paper" said some of the mines will start production next month and could be used in BYD's batteries in 3Q.Production from the six mines can make batteries for 27.78 million pure electric vehicles, enough to cover the company's demand for the next 10 years, The Paper said. "Even from an industry perspective, this would have a huge impact to the current market dynamic, as these lithium mines could meet the need for production capacity of Chinese EV industry for at least several years," Mr Nicolaou said."So in other words, would mean that China would have their own direct Lithium supply and capacity sorted as the rest of the world scrambles to secure supply.""In turn, that supply demand dynamic would be flipped on its head, With china controlling the price. Hence the sell-off for all off our Aussie listed names."

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PLS Price at posting: $2.31 Sentiment: Hold Disclosure: Held
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Last $3.00		Change 0.090(3.09%)		Mkt cap ! $8.944B

Open	High	Low	Value	Volume
$2.93	$3.02	$2.83	$80.61M	27.55M

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No.	Vol.	Price($)
6	131013	$3.30

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Price($)	Vol.	No.
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No.	Vol.	Price($)
17	20712	3.000
16	215044	2.990
7	278311	2.980
8	302930	2.970
6	187765	2.960

Price($)	Vol.	No.
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3.020	316513	29
3.030	136235	27
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